Brasada Capital Management LP Makes New $4.40 Million Investment in Howmet Aerospace Inc. (NYSE:HWM)

Brasada Capital Management LP acquired a new stake in Howmet Aerospace Inc. (NYSE:HWM - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 38,359 shares of the company's stock, valued at approximately $4,402,000.

Several other institutional investors have also recently bought and sold shares of the business. Murphy & Mullick Capital Management Corp bought a new stake in Howmet Aerospace during the fourth quarter worth $25,000. Meeder Asset Management Inc. grew its stake in shares of Howmet Aerospace by 208.1% in the 4th quarter. Meeder Asset Management Inc. now owns 228 shares of the company's stock worth $25,000 after buying an additional 154 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of Howmet Aerospace in the fourth quarter worth approximately $25,000. R Squared Ltd purchased a new stake in Howmet Aerospace during the fourth quarter valued at approximately $26,000. Finally, Washington Trust Advisors Inc. bought a new stake in Howmet Aerospace during the 4th quarter worth approximately $29,000. Institutional investors and hedge funds own 90.46% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Barclays raised their price objective on shares of Howmet Aerospace from $130.00 to $140.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. The Goldman Sachs Group lifted their target price on shares of Howmet Aerospace from $124.00 to $139.00 and gave the stock a "buy" rating in a research note on Tuesday, February 18th. Northcoast Research upgraded shares of Howmet Aerospace from a "sell" rating to a "neutral" rating in a report on Wednesday, April 9th. JPMorgan Chase & Co. increased their price objective on shares of Howmet Aerospace from $125.00 to $130.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Benchmark raised their price target on Howmet Aerospace from $85.00 to $135.00 and gave the company a "buy" rating in a report on Monday, April 21st. Four research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Howmet Aerospace has a consensus rating of "Moderate Buy" and an average target price of $125.06.

Howmet Aerospace Stock Down 0.3 %

Shares of HWM traded down $0.44 on Monday, hitting $135.32. 1,423,072 shares of the stock traded hands, compared to its average volume of 2,731,837. The business has a 50 day simple moving average of $128.06 and a 200 day simple moving average of $119.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.98 and a current ratio of 2.17. The company has a market capitalization of $54.73 billion, a PE ratio of 47.94, a P/E/G ratio of 1.92 and a beta of 1.25. Howmet Aerospace Inc. has a one year low of $66.33 and a one year high of $140.55.

Howmet Aerospace (NYSE:HWM - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The company reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.03. The business had revenue of $1.89 billion during the quarter, compared to analysts' expectations of $1.88 billion. Howmet Aerospace had a return on equity of 25.74% and a net margin of 15.55%. As a group, equities analysts forecast that Howmet Aerospace Inc. will post 3.27 earnings per share for the current fiscal year.

Howmet Aerospace Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 27th. Stockholders of record on Friday, May 9th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 9th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Howmet Aerospace's payout ratio is currently 14.18%.

Howmet Aerospace Company Profile

Howmet Aerospace Inc provides advanced engineered solutions for the aerospace and transportation industries in the United States, Japan, France, Germany, the United Kingdom, Mexico, Italy, Canada, Poland, China, and internationally. It operates through four segments: Engine Products, Fastening Systems, Engineered Structures, and Forged Wheels.